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FOX News
Dec 6, 2012 2:00pm PST
. >> interesting outfit. >> my gosh! >> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree but for different reasons. fiscal cli
FOX News
Dec 9, 2012 7:00am PST
now but you might get enough to avoid the fiscal cliff and then more fighting next year over spending. >> will republicans accept a 38% tax rate for the wealthy? and will democrats accept reductions in entitlement spending? >> that's a good question. corker would accept 37% but he speaks for a few senators. he doesn't speak for the house republican majority and john boehner though it seems to be moving that direction. i'm not sure the president would accept 37% because i'm not sure he gets enough money. you need enough money, whether there's some -- yes, partial increase in rates and then some tightening of loopholes, but then again, so much of this talk has been about taxes and what the democrats have refused to talk about at this point is spending cuts and serious entitlement reform. republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that
FOX News
Dec 5, 2012 12:00pm PST
closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the job done. >> it is not possible to raise the amount of revenue required for a balance the package if all you rely on is closing deductions and loopholes. let m
FOX News
Dec 6, 2012 6:00pm PST
bankrupt as a nation. so boehner and his team have to understand that the first fiscal cliff, which is not the real fiscal cliff -- the real fiscal cliff is national bankruptcy, and its imminent if we don't cut spending and entitlements . obama is a bully, inflection i believe, making demands we can't accept because his demands involve spending increases, no spending reductions, tax increases on two percent of people who won't do anything with revenues. it's totally unacceptable. at least under the fiscal cliff we have some mandatory cut, albeit us proportionately to defense spending. but it's better than accepting obama's terms crammed down our throat. boehner needs to get a told of this pr machine and paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage. no, it's him holding the entire country hostage and our kids hostage to his reckless spending and cynical refusal to enter the entitlement reform game. >> i don't even want to hear more about taxes. juan, shaking your head. >> i hear you, gentlemen. you guys are wonderful. merry christmas. but sean you said hyperpartisanship, and david talks about inflexibility. you know, and i'm thinking to
FOX News
Dec 7, 2012 1:00pm PST
more spending. >> the whole discussion around the fiscal cliff is a stimulus program, rather stimulus by further tax cut but a 98 percent or for 100 percent, whether stimulus by extending the payroll --. >>neil: where is the stimulus in extending rates that are already there. >>guest: why, why, why are economists saying we could have a recession without dealing with the cliff live? by taking so much money out of the market by people who would be spending it or by cutting government spending, either by too large an increase in taxes or by too large a cut in government spending, they are saying that would reverse the economic recovery. the whole package was packaged. >>neil: let me ask where we stand now. i wanted to cut to the chase, and whether you think a deal will be done and what it will look like. >>guest: we will do a deal and we will do a deal that week between christmas and new years, so, i have made a proposal today that i hope can resolve the question of the debt ceiling. when congress authorizes appropriations bills we should authorize at that point whatever spendin
FOX News
Dec 8, 2012 8:30am PST
unemployment benefits. 50 billion and in the of fiscal cliff talkings. this is it a number that nides to be addressed. is it that strong that we spend this much money on unemployment benefits. the stupidity of it the guy in the white house had four years to turn it around. he hasn't done it it is idiotic. you have four years and you were begin a man date and why haven't you brought down the rate of unemployment. because they all believe in economics and believe that spending makes everybody happy and makes everybody have a profit. wrong. it is not that. >> they would say they have done something. he passed out all of the unemployment benefits. you say 50 billion it is 520 billion in emergency benefits. that is 520 billion and i don't know not invested in jobs and creating new enterprizeses and redistributed and ultimately destroyed. >> christian, to tracey's point. we have them come on and say they want to hire and they're afraid to hire . it is regulation and other issues. this is behais going to build the other economy. it will create those jobs. >> it is not happening folks. we don't have a situation where you have people who are not
FOX News
Dec 5, 2012 6:00pm PST
developments on the fiscal cliff show down. tim guy ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're negotiating publicly among themselves while true conservatives and tea party members are being removed from key committees. today speaker john boehner adopted the
FOX News
Dec 6, 2012 3:00pm PST
months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican claims that holding the debt limit over the president head is the only mechanism to get him to trim spending. >> you are going to keep the debt limit goes higher and you're spending money. you and congress. >> president signed in law, $1 trillion in spending cuts. there is a specific proposal to achieve $600 billion in savings from our entitlement programs. including our healthcare entitlement program. jay carn
FOX News
Dec 13, 2012 10:00am PST
fiscal cliff. the fiscal cliff is about the miasma of spending that we've had under barack obama, $6 billion added to the debt in one term. now we've got a regulatory cliff that is what we're doing with all that new spending which a highly intrusive government that wants to regulate every aspect of our lives. so we've got the epa that is doing this when it comes to water. when it comes to air, we've got the cleanest air in 30 yearsing according to the epa. they have got six new regulations in the coming year that are going to cost -- 1 38 billion in compliance costs to business, and billions more in higher energy bills. you've got the transportation department which is planning a whole host of new regulations that are going to raise the cost of cars and trucks. they want to force everybody to have a rear-facing camera inside their dashboard. so an american family that's struggling to make ends meet has to buy a rear-facing camera because the federal government says so. you've got all the regulations coming under obamacare and all the rest. we are going -- the fiscal cliff is a slow d
FOX News
Dec 12, 2012 8:00am PST
fiscal cliff one key stumbling block is trying to reach a deal when it comes to spending. when we look at spending we look at things like food stamps. we'll look at the price tag for this safety net program and how it plays into the national debate on debt. >>> plus, some bombshell developments in michigan as governor rick snyder okays new right to work laws. what it means for organized labor. the future of unions in this country as well as our economy next. it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. jenna: new information own the record number of americans using food stamps. t
FOX News
Dec 9, 2012 11:00pm PST
, that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side. there's still a spending problem. the president has no interest in us having a strong defense so i guess we can litigate that next year. there are other opportunities to debate spending, defense and entitlements. get the tax issues off the table. >> so the fiscal cliff. >> let the president own it. >> it ends with a witcher, not a -- whimper, not a bang. >> yes. >> there you go. thank you, panel. check out the panel plus where we pick up on our website, foxnewssunday.com and we'll post the video before noon eastern time. follow us on twitter @foxnewssunday. this program note. tune in to "fox news channel" tonight at 9:00 p.m. eastern for fly me to the moon. chord by neil cavuto, a marks the 40th anniversary of the last time man walked on the lunar surface. next, some final thoughts about my best friend. >>. >> chris: we've been getting totaling here on sunday mornings for nine years now. i hope you don't mind my sharing some personal moments with you from my wife's sunday soup to the passing of my dad. well, i have s
FOX News
Dec 6, 2012 10:00am PST
that any deal on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get t
FOX News
Dec 8, 2012 11:00am PST
evidence to avoid january's looming tax hikes and spending cuts commonly known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy
FOX News
Dec 7, 2012 3:00pm PST
not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creates a great deal of money as well. >> one conservative financial commentator suggests the likely outcome of the fiscal cliff talks won't be the end of the world. >> we will have taxes that are the same as the taxes were under bill clinton. we did find that we will do fine. >> the question is whether the negotiations will lead to making other tough choices such as washington getting a handle on the growth of government. if not, the european example seems to suggest fiscal trouble to our shores as well. >> john: thanks. the stock were mixed. dow gained 81. s&p 500 up 4. president obama visits detroit and he will see upset people there. mike tobin has the effect. >> michigan democrats say they can't stop, as the republicans have the numbers so despite the angry protests the legislation that rick schneider calls freedom to work will pass the final vote on tuesday. w
FOX News
Dec 8, 2012 10:00am PST
the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be on the tax rates for the upper income folks. if that happens i think we'll have an agreement. if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good news, the president put forth a plan and republicans have put forth a plan and i believe that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increa
FOX News
Dec 8, 2012 3:00pm PST
given the fiscal cliff. and some members have not been friendly to disaster relief. but the care with which this package has been putting to has given us a good head start. after hurricane katrina, the government ended up spending more than $120 billion in aid to affected areas. many lawmakers this weekend are saying they think $60.4 billion for sandy relief is a good start. rick? >> thanks very much. peter doosey in cash -- in washington. >> december 1972, and a hope to return. a private company is picking up the mission and planing to make lunar travel affordable to anyone with an extra $1.5 billion. doug mcelway has the story. >> we realize it is the stuff of science fiction. we intend to make it science fact. >> it would appear too incredible. except these former nasa managers are credible and experienced. calling their project golden spike. they planned to send man back to the moon within a decade on commercial spacecraft at a cost of $7 billion to $8 billion. >> our vision is to create a reliable and affordable u.s. base imher shall -- commercial trans transportation system. it is from virtually any nation or any corporation. or any individual. >> reporter: -- >> for many robotic missions they know the moon is
FOX News
Dec 10, 2012 3:00pm PST
there is any progress made on back away from the fiscal cliff you would have a hard time knowing it from today's events. both sides essentially say they are waiting for other on more details on how to balance higher taxes for rich with spending cuts. in a moment with put karl rove and joe trippi in the negotiating room. but first we have a report or # 2 days, or as we will explain later, less to go. >> president obama back on the road 24. hours after the hush-hush meeting with john boehner about the fiscal cliff. insiders in both parties say the first face-to-face solo meeting in over a year is a sign in private they are making progress but in public the president is not budging. >> i'm in the going to compromise on that principle because i won't have a situation where the wealthiest among us including folks like me keep the tax breaks and we ask the students to pay higher student loans. >> he decided to fire up the labor union base. about a republican pushbe for right to work laws in the state. >> what we shouldn't do, what we shouldn't doing is trying to take away your right to bargain for better wages at work. >> the employees cheered when the president took aim at the republican governor and legislature. >> we are talking abo
FOX News
Dec 11, 2012 8:00am PST
the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget control act in 2011. indeed hear is the document. letter from cbo to spiker boehner laying out $915 billion in cuts between 2012 and to 21. the brookings institution it is a fact, she says pelosi was right. listen up. >> there are two different conversation going on about these numbers. one is about the cuts that are already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely embedded in law and there is no question about them. >> reporter: but not so fast. keep in mind that these numbers were derived from baseline budgeting that is a washington gimmick that no family balancing its checkbook could eve
FOX News
Dec 9, 2012 1:00pm PST
potential economic disaster. the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries
FOX News
Dec 6, 2012 7:00pm PST
and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you know, is it a terrible problem we are going through right now, but we look like we can't handle our own business. we can't talk to each other, we can't figure out our own economics, and i can't think what kind of morale authority do we have in the world when we look so pathetic, so pathetic in terms of how we handle things and the fact that we don't? >> the problem with the american people is today they are -- greta, they are as deeply divided and polarized as we have almost ever been. look what boehner is could go right now in making a deal. he's violates his fundamental principles. he's violatings a commitment he made to the american people. he's doing something that he thinks will hurt the american economy, $800 million of tax on job creators, he's splitting his party, he's demoralizing his
FOX News
Dec 8, 2012 3:00am PST
running over your kids fiscal cliff. it's a hard choice. >> but if we don't do it, if we don't go over the fiscal cliff the democrats will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts are going to expire they are saying this is great because this means the rich are going to pay more money, we are going to have more money to spend. they are already spending a the lo. they are saying why would we want change? this is great we have more money to spend. >> nancy pelosi saying why aren't we voting on middle class tax cuts? get to the other stuff. put this up for a vote: listen to nancy pelosi. we are not here to pass the middle income tax cut why are we here to not deat a time the middle income tax cut. could it be that the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? >> can i give another analogy? do you mind? it's just crazy, the former speaker of the houses the republicans are holding the middle class hostage. the two sides that come to the bargaining table may want to come to spending cuts on tax increases. think of it you are selling a house. you
FOX News
Dec 13, 2012 3:00pm PST
. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in the proposal and slammed the push for executive powr to raise the debt ceiling something that the democrats never would have given former president george w. bush. >> do you think there is any chance senator obama would have done that? zero. congress is never going to give up our ability to control the purse. >> new fox poll suggests the public wants spending reigned in, with 4% saying the federal government provides too many services. only 20% says too few services, 25% says the right amount. yet, the talks are now so far off-track a senior democrat tells fox at private dinner on wednesday, senate majority leader harry reid told colleagues he believes getting a major deal to avoid the fiscal cliff by christmas is almost impossible. so unless there is a dramatic last-minute agreement by the president and speaker that includes the tax and spending changes momentum is gaining around a plan "b," in which the house passes a senate
FOX News
Dec 10, 2012 3:00am PST
you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make a deal that will almost immediately get back our credit rating that. should almost be the standard. they know what that standard is down to the penny. that's the kind of a deal we should make. we should get our great credit rating back again. >> brian: just real quick, 'cause tonight talk about what china is don't, but rich lowry says the president wants gop humiliation and that's what's haul behind the 35 to 39% for the upper tax rate. do you see that? >> i'm not sure if it's for that purpose and maybe he believe it is and did he win an election, so you have to give him a lot of credit for that. the republicans, for whatever reason, they didn't resonate with the
FOX News
Dec 13, 2012 8:00am PST
fiscal cliff. bottom line we expect the speaker to hammer away on too much spending. washington has a spending problem, a familiar theme in all these talks, jenna. jenna: we'll take the viewers back there when bain starts to speak. mike, thank you. >> reporter: thank you. jon: wouldn't it be nice if he could talk about some progress. joining us with more on this, kimberly strassel, a columnist for "the wall street journal" as michael lewded to, they have about what, 72 hours really to get something concrete done here? >> that's right. when you think about this, everyone talks about the january 1st deadline but reality is most people are looking at next friday as the real deadline. they're assuming that that is when the markets consider there to be a deadline. if something isn't done by then maybe panic ensues. so when you work back from that you have to leave at least a week for the republicans to put something up in the house, give those requisite three days for members to read it, for the public to see it. go back and forth with the senate a little bit. if there is going to be a dea
FOX News
Dec 5, 2012 3:00am PST
stop us from going over the fiscal cliff and will it involve significant deficit reduction. the president said i thought twitter was supposed to be fun. where are all of the crazy video. twitter boring. >> gretchen: it is an interesting concept instead of spending time twittering why not go and lead the discussion between the parties. >> steve: or the president went golfing three or four times . it would be great if he went golfing with john boehner. >> gretchen: as hong as they don't ask. here are the headlines. a scare for franky muniz who rose to fame for malkare olm in the middle. >> it is the video . desense -- desensitized to violence. how many have you had. >> gretchen: the 26 year old recovering after suffering from a min i stroke. they are awaiting results. they noticed that nuniz had trouble understanding word and speaking. >> brian: he has to take better care of himself. >> steve: meanwhile, a mother could face crimminal charges if she doesn't bring her daughter back to the hospital. cops are searching for 11 year old emily who suffers from leukemia. her mom removed her iv and snuck her out of the arizona and took off to who knows where. doctors say emily is at riskk of infection and could die within days. >> brian: a cheerleader making a
FOX News
Dec 8, 2012 1:00pm PST
going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and people are scared seen here running for their lives to prevent two catastrophes from getting a whole lot worse. staechb yates will be with us next. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who trieit agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. >>. >> gregg: there are new fears that the crisis in egypt is about to get worse. egyptian military threateni
FOX News
Dec 5, 2012 1:00pm PST
the fiscal cliff and the debt goes from $16 trillion to $20 trillion a couple years down the road to $25 trillion. nothing changes in washington, dc. you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about responsible democrats to stop spending so were, or cut back the spending, not just cutting back the increase rate in spending but item spending cuts. >>guest: the rate of increase doesn't have anything to do with the spain people are suffering whether they are middle class or poor. we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle
FOX News
Dec 11, 2012 3:00pm PST
cut spending to meet those caps. and that's one of the reasons that we're now in the fiscal cliff. >> baseline budgeting has been used by both parties since 1974. allows republicans to exaggerate claims of frugality. allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to pay money to settle a money laundering case. the justice department in the u.s. says the bank cleaned funds for narcotics traffickers in mexico and allowed illegal transactions with iran, cuba, and other nations. michigan becomes a right-to-work state with some fireworks outside the state capitol. we'll talk about what's going on with the fox all-stars when we come back. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. >> no matter what hap
FOX News
Dec 5, 2012 7:00pm PST
take them at their word, it sounds like the president is anxious to go over the fiscal cliff, and he leaves very little room for republicans to negotiate with him with a 1.7 trillion dollar tax increase, 50 billion more in stimulus spending, and absolutely no expenditure reductions that are going to take place right now. i mean, from the point of view of republicans, you're going to get more spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive t
FOX News
Dec 10, 2012 4:00pm PST
the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what they discussed suggests that they're hopeful of a deal, although i have to tell you. the president sounded pretty optimistic when he was in michigan about the possibility of us going off the cliff and falling into a second recession. here's what he had to say about the possibility. >> consumer spending is going to go down. that means you
FOX News
Dec 9, 2012 9:00am PST
your time. >> thank you, shannon. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outrageous thing virtually no one's talking about is our spending problem. america is $16 trillion in debt and counting. how much does each american -- you! owe? we'll break it dowfnlt regulation nation. the federal government wants to take away people's homes, tear them down and plant grass, all in the name of environmental cleanup. democrats and robberies robberie joined forces to fight back. >> isn't there anyone who know what is christmas is all about? >> everyone loves charlie brown, right? not so fast. the beloved cartoon character is caught up in a war on christmas. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >> the holidays are a time for giving and a perfect time to remember those who have helped to save our country with the wounded warrior program. we have the chief of staff to the wounded warrior pro
FOX News
Dec 6, 2012 1:00pm PST
. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiations. you are right. there will be p republicans objecting. some said we don't need budget offset. there are republicans saying yes we do. it will probably end up getting rolled into the broader fight over the fiscal cliff. it is unlikely they will get pay fors. >> ed henry, thank
FOX News
Dec 10, 2012 12:00pm PST
you, doug. time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the presid
FOX News
Dec 4, 2012 9:00pm PST
the fiscal cliff. earlier today our hannity cameras caught up with a senator from wisconsin on capitol hill. >> it's increasingly clear to me that the president is very willing to go over the cliff. i think he ought to be spending more time listening and less time lecturing. the president seems to be just fixated on increasing tax rates even though they may hurt the economy and i'm concerned if we go over the cliff, that what we're going to see is unemployment back above 9% and we'll see, you know, a country where we're in a second recession. >> all right. the senator is absolutely right. what we heard from president in recent days amounts to nothing more than con descending lectures. in fact, he sounds like the same hyperpartisan canada that we saw on the campaign trail, you know, the one that worked tire leslie to demonize success. the president appears to have a out right unhealthy fixation on increasing taxes regardless of the consequence and bring on the fiscal cliff. he says who cares if we spiral into another recession. if unemployment goes back up to 9%, that's not the presiden
FOX News
Dec 6, 2012 8:00am PST
hikes and spending cuts as the clock particulars towards that fiscal cliff deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%. >> reporter: most peop
FOX News
Dec 10, 2012 6:00am PST
course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course when a lot of sectors in all of these areas have been struggling, here is a bit of good news. martha: okay. take it. bill: not a lot. if you're driving on the road, thanks to shrinking demand manned lower fuel prices gas is sinking like a stone. a drop of 34 cents in the past month. in st. louis, drivers paying just over $3. even l.a. is paying 3.68. which is below four bucks where they have been for a very long time. even further drops expected in the coming days. martha: a devastating loss this morning. jennie rivera, the mexican american singer on the verge of crossing over to this country in u.s. popularity is presumed to have been killed when a private plane crashed in monterrey, mexico. authorities have not confirmed her debt. her relatives say they have few doubts she was on board that plane. she was headed to a concert in central mexico after performing in a sold out concert on saturday.
FOX News
Dec 6, 2012 4:00pm PST
one side of the fiscal cliff balance. >> that's right. they say he is focused as you heard in that sound bite about taxes and that part of it. they are not hearing a lot about spending cuts which republicans obviously think is the big driver of the debt issue. when the president is now demanding that raising the nation's debt ceiling combined in this deal. what republicans like mitch mcconnell think is going on the president just wants to spend more money. listen. >> what the president is really interested in as we learned just yesterday, is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. not so he can lower the debt or the deficit but so he can spend to his heart's content. as a result some democrats have pushed the president to just raise the nation's debt ceiling on his own. they believe he has that executive power by invoking the 14th amendment of the constitution. but jay jay cancer carney the white house spokesman has studied that. they do not believe the president has that executive power. what that means they have got to go to congress to get the debt ceiling
FOX News
Dec 13, 2012 6:00am PST
the fiscal cliff. why i think you heard a number of them say publicly they're willing to go over the cliff to get higher taxes. but i think what is really interesting about your survey, bill, americans are pretty discerning. by a 53-36 margin they believe if the president gets higher taxes he will use it for more government spending, not to reduce the deficit. which is why a large majority i believe understand spending and spending cuts has it be part of the solution to this problem. bill: to your point, it showed a greater majority of people we polled said if you give washington more morn any they will spend it not pay down the deficit. getting back to what speaker boehner says, $1.4 trillion in revenue can't pass the house or senate right now. democrats control the senate. is that true? >> possible with a democratic majority in the senate they might get something like that through. there are a lot of democrats in the united states senate will have major heartburn over level of tax increases talking about and people they will hit. you're talking about raising taxes on nearly a m
FOX News
Dec 6, 2012 2:00am PST
ready to go right over the cliff. >> is the administration prepared to go over the fiscal cliff? >>> oo absolutely. >> the president had support on raising tax rates on upper income earners. republicans have support the putting more emphasis on government spending rather than just simply raising taxes. the republican leaders in congress meantime who also met with business leaders yesterday said they have already offered to raise taxes by cutting deductions for upper earners an the president has yet to counter their proposal. >> i will be ready to sit down with the president to get serious about the problem. >> it is possible the white house could be bluffing the administration ordered the pentagon to begin considering the big spending cuts that would hit military spending if in fact we goefr the cliff. >> back to you. >> doug luzader, thank you. >>> we heard what the lawmakers are saying but what about the taxpayers they represent? it's their bank accounts that would be impacted. >> so i went to times square in new york to find out who is talking about the fiscal cliff? >> we are from new mexico helping out to clean. >> what is the fiscal cliff? where is it? >> can i google it? >> bad news. bad news. fiscal cliff end of the world apparently. >> is it
FOX News
Dec 9, 2012 3:00am PST
some entitlements to avoid this bad situation which we're calling the fiscal cliff, when you have automatic tax increases and spending cuts, but as we, you know, the time goes, it's been three weeks since the election, i'm growing increasingly pessimistic. >> we're been talking about it on the show, chris, and brought up a couple of times that the president, if he does nothing, the tax cuts expire, and the defense cuts go into place, which is largely what the democrats want to have happened and republicans now making the argument. perhaps the president is not going to negotiate because he wants to simply step back and want things to unfold. do you buy that. i think he does want to compromise because if this were to go on long enough. i don't think it happens the first week after the fiscal cliff, but if you continue with this and all of the things that happen, all of the bush tax cuts expire, not only on the rich, but also the middle class, the spending cuts, about 100 million in the first year, you could grow according to the congressional budget office or unemployment back over 9% and the president clearly doesn't want
FOX News
Dec 5, 2012 6:00am PST
cliff. let's go to this right now. moments ago on the hill. hear is the speaker. >> morning, everyone. this week we made a good faith offer to avert the fiscal crisis and, that offer included significant spending cuts and reforms, and it included additional revenue and frankly it was the balanced approach that the president's been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. our targets and framework are things that we can all agree on. and it's exactly how we approached our discussions in the biden group. my discussions at the white house a year and a half ago. and for that matter, in the joint select commit teach. and if the president doesn't agree with our proposal and our outline i think he has an obligation to send one to the congress and a plan that can pass both chambers of commerce. if you looked at the plans the white house talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk to the president and to work with him to make sure that the american people aren't disadvantaged by what's happening here in washington. bill: john boehner, direct, to the point. you need a plan that can pass b
FOX News
Dec 9, 2012 4:00pm PST
recession, triggeri triggering events the fiscal cliff. is tax hikes and deep spending cuts january 1st if law makes can't come up with an alternative. no word if any progress was made. both men issuing statements about the talks, saying the lines of communication remain open. and police in london are owning up to authorities in awes as as the investigation deepens into an of radio station's hoax call made to the hospital. and made by these two. and they managed to dupe a nurse into giving out personal, private information and that nurse, by the way, may have committed suicide. so far police have not exactly linked her death to the prank and now for the time being, we're hearing from members of her family. >> and i'll really miss her a lot. she was a good sister-in-law, i can't forget her, she was so good. >> harris: family members talking to the media today for the first time. dj's are off the job and that may not stop the possibility of criminal charges and joining me, lee yeah, thanks for being with us tonight. >> hi, nice to be on. >> what are we learning about, whether metro lo
FOX News
Dec 10, 2012 6:00pm PST
,. >> sean: coming up, the fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax suicide straight ahead. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15entrees under $15, seafood, c
FOX News
Dec 10, 2012 9:00pm PST
fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax what happened with that hoax suicide straight ahead. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move to the country, d live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on sal
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